Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: !!! (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 table) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 10% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Option 1 Option #2 Option 3 (Enter your answer as a numeral 9.1.) Payout Option has the highest present value using the 10% discount rateTherefore, it appears to be the most favorable option internime in the dads and then continue to the next question ww Present Value of Ordinary Annuity of $1 table.) ew Future Value of Ordinary Annuity of $1 table.) - X Data Table llar.) Option #1: $15,000,000 after five years Option #2: $2,150,000 per year for five years Option #3: $12,000,000 after three years Print Done at rate. The Reference Present Value of $1 Periods 1 1% 0.990 0.980 0.971 0.961 0.951 2 3 4 5 3% 0.971 0.943 0.915 0.888 0863 4% 0.962 0.925 0.889 0.855 0.822 5% 0.952 0.907 0.864 0.823 0.784 6% 0.943 0.890 0.840 0.792 0.747 7% 0.935 0.873 0.816 0.763 0.713 9% 0.917 0.842 0.772 0.708 0.650 8% 0.926 0.857 0.794 0.735 0.681 10% 0.909 0.826 0.751 0.683 0.621 12% 0.893 0.797 0.712 0.636 0.567 2% 0.980 0.961 0.942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 14% 0.877 0.769 0.675 0.592 0.519 15% 0.870 0.756 0.658 0.572 0.497 18% 0.847 0.718 0.609 0.516 0.437 16% 0.862 0.743 0.641 0.552 0.476 20% 0.833 0.694 0.579 0.482 0.402 6 7 8 0.942 0.933 0923 0.914 0.905 0837 0.813 0.789 0.766 0.744 0.790 0.750 0.731 0.703 0.676 0.746 0.711 0.677 0.645 0.614 0.705 0.665 0.627 0.592 0.558 0.666 0.623 0.582 0.544 0.508 0.630 0583 0.540 0.500 0.463 0.596 0.547 0502 0.450 0.422 0.564 0.513 0.467 0.424 0.386 0.507 0.452 0.404 0 361 0.322 0.456 0.400 0351 0.308 0270 0.432 0.376 0.327 0.284 0.247 0.410 0.354 0.305 0.263 0.227 0.370 0.314 0.266 0.225 0.191 0.335 0.279 0.233 0.194 0.162 10 11 12 13 14 15 0896 0.887 0.879 0.870 0.861 0853 0.844 0.804 0.788 0.773 0.758 0.743 0.722 0.701 0.681 0.661 0.642 0.623 0505 0.650 0.625 0.601 0.577 0555 0585 0.527 0.557 0.497 0.530 0.469 0 505 0.442 0.481 0.417 0.475 0.444 0.415 0.388 0.362 0.429 0 397 0.368 0.340 0.316 0.292 0.270 0.388 0356 0.326 0.299 0275 0.350 0319 0.290 0263 0239 0.287 0.257 0229 0.205 0.183 0.237 0.208 0.182 0.160 0.140 0215 0.187 0.163 0.141 0.123 0.195 0.168 0.145 0.125 0.108 0.162 0.137 0 116 0.099 0.084 0.135 0.112 0 093 0.078 0065 0.054 0.045 16 17 0.728 0714 0.534 0513 0.458 0436 0.394 0.371 0.339 0.317 0252 0.231 0218 0.198 0.163 0.146 0.123 0.108 0.107 0093 0.093 0.080 0.071 0.060 Print Done Reference UTURE VUZU UUUU UT UVU TU 0.388 0.362 0.340 0.315 0.299 0.275 V.LV 0.263 0.239 0.205 0.183 0.160 0.140 0.141 0.123 0.125 0.108 0.099 0.084 0.078 0.065 0.339 0.317 0.296 0.277 0.258 0.292 0.270 0.250 0.232 0.215 0252 0.231 0.212 0.194 0.178 0.218 0.198 0.180 0.164 0.149 0.163 0.146 0.130 0.116 0.104 0.123 0.108 0 095 0.083 0.073 0.107 0.093 0.081 0.070 0.061 0.093 0.080 0.069 0.060 0.051 0.071 0.060 0.051 0.043 0.037 0.054 0.045 0.038 0.031 0.026 WIDT 14 0.870 0.758 0.661 0.577 0.505 0.442 15 0.851 0.743 0.642 0.555 0.481 0.417 16 0.853 0.728 0.623 0.534 0.458 0.394 17 0.844 0.714 0.605 0.513 0436 0371 18 0836 0.700 0.587 0.494 0416 0.350 19 0.828 0.686 0.570 0475 0.396 0.331 20 0820 0.673 0.554 0.456 0.377 0.312 21 0.811 0.660 0.538 0.439 0.359 0.294 22 0.803 0647 0.522 0.422 0.342 0278 23 0.795 0.634 0.507 0.406 0.326 0.262 24 0.788 0.622 0.492 0.390 0.310 0.247 25 0.780 0610 0.478 0.375 0.295 0.233 25 0772 0.598 0.484 0.361 0.281 0 220 27 0.764 0586 0.450 0 347 0.268 0.207 28 0757 0574 0437 0.333 0255 0.196 29 0749 0563 0424 0321 0243 0.185 30 0742 0552 0.412 0.308 0231 0.174 40 0672 0453 0307 0208 0 142 0.097 50 0503 0.372 0.228 0.141 0.087 0.054 0.242 0226 0.211 0.197 0.184 0.199 0.184 0 170 0.158 0.146 0.164 0.150 0.138 0.126 0.116 0.135 0.123 0.112 0.102 0.092 0.093 0.083 0.074 0.066 0.059 0.031 0.026 0.022 0.019 0.016 0.022 0.018 0.015 0013 0.010 0.172 0.161 0.150 0.141 0.131 0067 0.034 0.135 0.125 0.118 0.107 0.099 0.105 0.098 0.090 0.082 0.075 0.032 0.013 0.084 0.076 0069 0063 0057 0.053 0047 0.042 0037 0.033 0.011 0.064 0.053 0.044 0.056 0.046 0.038 0.049 0.040 0.033 0.043 0.035 0.028 0.038 0.030 0.024 0.033 0.026 0.021 0.029 0.023 0.018 0026 0.020 0016 0022 0017 0.014 0.020 0015 0.012 0.005 0004 0.003 0.001 0.001 0.001 0.014 0.009 0.011 0.007 0.0100006 0.008 0.005 0.007 0.004 0.001 0.001 0046 0.021 0.022 0.009 0.003 Print Done Reference Future Value of $1 Periods 1 2 3 4 5 1% 1010 1020 1.030 1.041 1051 2% 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1.093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 6% 1.060 1.124 1.191 1.262 1.338 7% 1.070 1.145 1.225 1.311 1.403 8% 1.080 1.166 1.260 1.360 1,469 9% 1.090 1.188 1295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.323 1.521 1.749 2011 6 7 8 9 10 1.062 1.072 1083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1551 1.629 1.419 1504 1.594 1.689 1.791 1.501 1.606 1.718 1.838 1.967 1.687 1.714 1.851 1.999 2.159 1.677 1.828 1.993 2172 2.367 1.772 1.949 2.144 2.358 2 594 1.974 2.211 2.476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 2313 2.660 3.059 3.518 4.046 11 12 13 14 15 1.116 1.127 1138 1.149 1.161 1243 1.268 1 294 1.319 1 346 1.384 1.426 1469 1.513 1.558 1.539 1.601 1 665 1.732 1.801 1710 1.796 1886 1.980 2079 1.898 2012 2 133 2.261 2397 2 540 2.693 2.105 2.252 2410 2579 2.759 2.332 2518 2 720 2.937 3.172 2580 2.813 3.066 3.342 3.642 2.853 3.138 3.452 3.798 4.177 3479 3.896 4 363 4.887 5.474 6.130 8.866 4.226 4.818 5492 6.261 7.138 4.652 5.350 6.153 7.076 8.137 16 17 1.173 1.184 1.373 1400 1605 1.653 1873 1948 2 183 2292 2.952 3.159 3.426 3.700 3.970 4328 4.595 5.054 8 137 9 276 9358 10.76 nt Print Done 3 of 4 (0 complete) - X Reference 9 10 1.094 1.105 1.195 1.219 1.305 1.344 1.423 1.480 1.551 1.629 1.689 1.791 1.999 2.159 2172 2358 2367 2594 2.773 3.106 3.252 3.707 3.518 4.046 11 12 13 14 15 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 1.384 1.426 1.469 1.513 1.558 1.539 1.601 1.665 1.732 1.801 1.710 1.796 1.886 1.980 2079 1.898 2012 2133 2261 2.397 1.838 1.967 2105 2252 2410 2.579 2.759 2.332 2518 2.720 2.937 3.172 2.580 2.813 3.066 3.342 3.642 2853 3.138 3.452 3.798 4.177 3.479 3.896 4.363 4.887 5474 4226 4.818 5.492 6.261 7.138 4.652 5.350 6.153 7.076 8. 137 16 17 18 19 20 1.173 1.184 1.196 1208 1.220 1.373 1.400 1.428 1.457 1.486 1.605 1.653 1.702 1.754 1.806 1.873 1.948 2026 2.107 2 191 2.183 2.292 2.407 2.527 2653 2.952 3.159 3.380 3.617 3.870 3.426 3.700 3.996 4.316 4661 3.970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.727 6.130 6.866 7.690 8.613 9.646 8.137 9276 10.58 12.06 13.74 9.358 10.76 12.38 14.23 16.37 2540 2693 2854 3.026 3.207 3.400 3.604 3.820 4049 4292 21 22 23 24 25 1.232 1.245 1.257 1.270 1.282 1295 1308 1.516 1.546 1.577 1608 1.641 1860 1.916 1974 2.033 2094 2.279 2.370 2465 2563 2666 2.786 2.925 3.072 3225 3.386 3.556 3.733 4141 4430 4.741 5.072 5.427 5 807 6 214 5.034 5.437 5.871 6 341 6 848 6.109 6.659 7 258 7.911 8 623 9399 10.25 7.400 8.140 8.954 9.850 10.83 10.80 12.10 13.55 15.18 17.00 15.67 17.86 20.36 2321 26.46 18.82 21.64 24.89 28.63 32.92 37.86 43 54 4549 11.92 26 27 1.673 1.707 2.157 2.221 2.772 2883 7396 7988 19.04 21 32 30.17 34 39 4822 13.11 Print Done Reference Present Value of Ordinary Annuity of $1 8% 0.926 1.783 2.577 3.312 3.993 9% 0.917 1.759 2531 3.240 3.890 Periods 1% 2% 3% 5% 6% 7% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 2 1.970 1942 1.913 1.886 1.859 1.833 1.808 3 2.941 28842829 2.775 2.723 2673 2.624 4 3.902 3.808 3.717 3.630 3.546 3465 3.387 5 4.853 4.713 4.580 4.452 4.329 4.212 4.100 6 5.795 5.601 5.417 5.2425.076 4.917 4.767 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 9 8.566 8.162 7.786 7.435 7.108 6.802 6.515 10 9.471 8.983 8.530 8.111 7.722 7.360 7.024 11 10.358 9.787 9.253 8.760 8.306 7.887 7.499 12 11 255 10.575 9.954 9385 8.863 8384 7943 13 12.134 11.348 10.6359.986 9.394 8.853 8358 14 13.004 12.106 11 296 10 563 9.899 9.295 8.745 15 13 865 12 84911 938 11.11810 380 9.712 9.108 18 14718 13.578 12.561 11 652 10.83810.1089447 17 15562 14 292 13.166 12.1661127410.477 9.763 10% 0.909 1.736 2487 3.170 3.791 4.355 4.868 5.335 5.759 6145 12% 0.893 1.690 2402 3.037 3.605 4.623 5.206 5747 6.247 6.710 4.486 5.033 5535 5.996 6.418 4. 111 4.564 4968 5.328 6.650 14% 15% 16% 189 20% 0.877 0.870 0.862 0.847 0.833 1.647 1.626 1.605 1.566 1.528 2322 2 283 2246 2174 2106 2914 2855 2.798 2690 2589 3.433 3.352 3.274 3.127 2.991 3.889 3.784 3.685 3.498 3326 4 288 4039 3.812 3.605 4.639 4.487 4344 4.078 3.837 4.946 4772 4.607 4303 4031 5.216 5.019 4.833 4.494 4.192 5.453 5.234 5.029 4.656 4327 5.660 5.421 5.197 4.793 4439 5842 5583 6.342 4910 4533 6002 5.724 5468 5008 4611 6.142 5 847 5575 5.092 4675 6.266 5.954 5.669 5.162 4730 6 373 6.047 5.749 5222 4775 7.139 7.536 7 904 8.244 8.559 6.805 7.161 7 487 7.786 8.061 6.495 8.814 7. 103 7.367 7.606 5.938 6.194 6.424 6.628 6.811 8851 9.122 8.313 8.544 7824 8022 6.974 7.120 Print Done Reference 32 TUZ4 UYTU JUU UTY UUT VZTU UUU VITU ZZ 5.453 5.660 5.842 6.002 6.142 5.234 5.421 5.583 5.724 5.847 5.029 5.197 5.342 5.468 5.575 4.656 4.793 4.910 5.008 5.092 4.327 4439 4.533 4.611 4.675 5.938 6.194 6.424 6.628 6.811 6.974 7.120 7.250 7.366 7.469 5.954 6.047 6.128 6.198 6.259 5.669 5.749 5.818 5.877 5.929 5.162 5.222 5.273 5.316 5.353 4.730 4.775 4.812 4.844 4.870 10.368 9.787 9.253 8.760 8 306 7.887 7.499 7.139 6.805 6.495 2 11 255 10.575 9.954 9,385 8.863 8.384 7.943 7.536 7.161 6.814 13 12.134 11 348 10 635 9.986 9.394 8.853 8.358 7 904 7.487 7.103 14 13.004 12.106 11.296 10.563 9.899 9295 8.745 8.244 7.786 7367 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 16 14.718 13.578 12.561 11652 10.838 10.106 9.447 8.851 8.313 7.824 17 15,562 14 292 13.166 12.166 | 11 274 10.477 9.763 9.122 8.544 8.022 18 16.398 14.992 13.754 12.659 11.690 10.828 10.0599.372 8.756 8201 19 17.226 15.678 14 32413.134 12.085 11.15810.336 9.604 8.950 8.365 20 18.046 16.351 14.877 13.590 12.462 | 11.470 10.5949.818 9.129 8.514 21 18.857 17.011 15.415 14.029 12 821 11.764 10.836 10.017 9.292 8.649 22 19.660 17.658 1593714 451 13.16312042 11.061 10 201 9.442 8.772 23 20.456 18.292 16.444 14.857 13 489 12 3031127210 371 9.580 8.883 24 21.24318.914 16.936 15 247 13.79912 550 11.469 10.529 9707 8.985 25 22.023 19.52317 41315.622 14.094 12.783 11.654 10.675 9.823 9.077 26 22.796 20.12117.877 15.983 14 375 13.00311826 108109.929 9.161 27 23 550 20 707 18.327 16 330 14 643 13.211 11.987 10.936 10 027 9237 20 24 316 21 28118.764 16 663 14 89813.406 12. 137 11051 10.116 9.307 29 25.068 21 844 19.188 15.984 15.141 13.591 12 278 11.153 10.193 | 9.370 6.265 6.373 6.467 6.550 6.623 6.687 6.743 6.792 6.835 6.873 7.562 7 645 7.718 7.784 7843 6.312 6.359 6.399 6.434 6.464 5.973 6.011 6.044 6.073 6.097 5.384 5.410 5.432 5.451 5.467 4.891 4909 4.925 4937 4948 7.896 7.943 7.984 8.022 6.906 6.935 6.961 6.983 8.491 6.514 6.534 6.551 6.118 6.136 6.152 6.166 6.480 5.492 5.502 5.510 4956 4964 4970 4.975 Print Done Reference LU. TOVO 14 15 14.95 16.10 15.97 17 29 TUUL 17.09 18.60 18.29 20.02 19.60 21.58 21.02 23.28 22.55 25.13 24.21 27.15 26.02 29.36 ZUE 27.98 31.77 32.39 37.28 37.58 43.84 40.50 47.58 16 17 18 19 20 17.26 18.43 19.61 20.81 22.02 18.64 20.01 21.41 22.84 24:30 20.16 21.76 23.41 25.12 26.87 21.82 23.70 25.65 27.67 29.78 23.66 25 84 28.13 30 54 3307 25.67 28.21 30.91 33.76 36.79 27.89 30.84 34.00 37.38 41.00 30.32 33.75 37.45 41.45 45.76 33.00 36.97 41.30 46.02 51.16 35.95 40.54 45.60 51.16 57 28 42.75 48.88 55.75 63.44 72.05 50.98 59.12 68.39 78.97 91.02 55.72 65.08 75.84 88.21 1024 21 22 23 24 25 23.24 2447 25.72 26.97 28.24 28.68 30.54 32.45 34.43 36.46 31.97 34 25 36.62 39.08 41.65 35.72 38.51 41.43 44.50 47 73 39.99 43.39 47.00 50.82 54.86 44 87 49.01 53.44 58.18 63.25 50.42 55.46 60.89 66.76 73.11 56.76 62 87 69.53 76.79 84.70 64.00 71.40 79.54 88.50 98.35 81.70 92.50 104.6 1182 133.3 104.8 120.4 138.3 158.7 181.9 118.8 137.6 1593 1842 212.8 26 27 28 29 30 29.53 30.82 32.13 33.45 34.78 48.89 64 46 25.78 27.30 28 85 30.42 3203 33.67 35.34 3705 38.79 40.57 60.40 84 58 38.55 40.71 42.93 45.22 47 58 7540 112.8 44.31 47.08 49.97 52 97 56 08 51.11 5467 58.40 62 32 66.44 59 16 63.71 68.53 73.64 79.06 68.68 74 48 80.70 8735 94 46 79.95 87.35 95.34 1040 1133 93 32 102.7 1130 1241 136 3 109.2 121.1 1342 148.6 164 5 150.3 169.4 190.7 2146 2413 208 3 238.5 2729 3121 356.8 245.7 2836 327.1 3772 4347 259 1 3379 4426 1,779 95.03 1527 1208 1548 2093 1290.3 1996 4965 767.1 1342 2400 | 4.995 50 573.8 815.1 1.164 7218 cont Print Done Eon Industries is deciding whether to automate one phase of his production process. The manufacturing equipment has a six year life and will cost $915,000. Projected net cash inflows are as follows: Click the icon to view the projected net cash inflows.) Click the icon to view Present Value of 1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. Compute this project's NPV using Eon's 10% hurdle rate. Should Eon invest in the equipment? Use the following table to calculate the net present value of the project (Enter any factor amounts to three decimal places Xxx Use parentheses or a minus sign for a negative not present value) Net Cash PV Factor Present Inflow [i-16%) Vale Present value of each year's inflow (n1 (n = 21 Years 1 2 3 In 4 in = 5) 5 im Enter any number in the edit Delds and then continue to the next question Eon Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year lo and will cost $915,000 Projected net cash inflows are as follows: (Click the icon to view the projected net cash inflows) Click the icon to view Present Value of $1 table) Click the konto view Present Value of Ordinary Annuity of 51 table) Read the requirements 2 3 4 In 2) (n = 3) in-4) (n = 5) in = 6) Total PV of cash inflows 5 6 0 Initial investment Net present value of the project Eon Industries Invest in the equipment Requirement 2. Eon could refurbish the equipment at the end of six years for $102,000. The refurbished equipment could be used one more year, providing 575.000 of net cash inflows in year 7. Additionally the refurbished equipment would have a $54.000 residual value at the end of year 7. Should Eon invest in the equipment and refurbish it after steyears? Hint in addition to your answer to Requirement discount the additional cash outflow and Enter any number in the cold and then continue to the next question Click the icon to view Present Value of 51 table) Click the icon to view Present Value of Ordinary Aruly of 51 table) Read the requirements on mousines veste en Requirement 2.Eon could refurbish the equipment at the end of six years for 102.000. The refurbished equipment could be used one more year, providing $75.000 of net cashindows in year 7. Additionally, the refurbished equipment would have a 554.000 residual value at the end of year. Should Eon invest in the equipment and refurbish it after six years? (Hint In addition to your answer to Requirement 1, discount the additional cash outlow and inflows back to the present value) Calculate the NPV of the artisment (Enter any factor amounts to the decimal places. XXX. Uue parentheses or a minus sign for cash outlows and for a negative net present value) PV Factor Present outflowdow Value Refurbishment at the end of Year 6 - 6) Cash flows in Year 7 in) Residual value in Net present value of the rest Emery number in the others and then connue to the next question PV Factor Eon Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a skyear ile and will col 915,000 Projected net cash flows are as follows: Click the icon to view the projected to cash now Click the icon to view Present Value of 51 table) Click the icon to view Present Value of Ordinary multy of $1 table) Read the requirements equipment would have a $54.000 residual value at the end of year 7. Should Eon invest in the equipment and refurbish after years? (Mint in addition to your answer to Requirement 1, decount the additional cash outflow and Inflows back to the present value) Calculate the NPV of the returbishment (Enter any factor amounts to the decimal places, X xxx Use parentheses or a minus sign for cash outlours and for a negative not present value) Cash Present outflownlow Value Refurbishment at the end of Year 6 (5) Cashiers in Year in - Residual value in Nel present of the relishment The refurbishment provides NPV The refurbishment PV to overcome the original NPV of the equipment. Therefore the refurbishment her ton Industries original decision regarding the equipment investment Read the requirements eri Data Table * Requirements - X on to you tor land for al Year 15 flos Year 2 265,000 254,000 225.000 211.000 Year 3 1. Compute this project's NPV using Eon's 16% hurdle rate. Should Eon invest in the equipment? 2. Eon could refurbish the equipment at the end of six years for $102,000. The refurbished equipment could be used one more year, providing $75,000 of net cash inflows in year 7. Additionally, the refurbished equipment would have a $54,000 residual value at the end of year 7. Should Eon invest in the equipment and refurbish it after six years? (Hint: In addition to your answer to Requirement 1. discount the additional cash outflow and inflows back to the present value Year 4 Year 5 Year 6 200,000 178,000 the refurbis Print Done Print Done Enter any number in the edit fields and then continue to the next question Reference Present Value of $1 Periods 1% 1 2 3 4 5 0.990 0.980 0.971 0.961 0.951 2% 0.980 0961 0.942 0.924 0.906 3% 0.971 0.913 0.915 0.888 0.863 0.962 0.925 0.889 0.855 0.822 5% 0.952 0.907 0864 0.823 0.784 6% 0.943 0.890 0.840 0.792 0.747 7% 0.935 0.873 0.816 0.763 0.713 8% 0.926 0.857 0.794 0.735 0.681 9% 0.917 0.842 0.772 0.708 0.650 10% 0.909 0.826 0.751 0.683 0.621 12% 0893 0.797 0.712 0.636 0.567 14% 0.877 0.769 0.675 0.592 0.519 15% 0.870 0.756 0.658 0.572 0.497 16% 0.862 0.743 0.641 0.552 0.476 18% 0.847 0.718 0.609 0.516 0.437 20% 0.833 0.694 0.579 0.482 0.402 6 7 8 9 10 09420.888 0933 0.871 0.923 0.853 0.914 0 837 0.905 0.820 0.790 0.760 0.731 0.703 0.676 0.746 0.705 0.711 0.665 0.677 0.627 0.545 0.592 0.614 0.558 0.666 0.623 0.582 0.544 0.508 0.595 0.547 0.502 0.450 0.422 0.564 0.513 0.467 0424 0.386 0.456 0.400 0.351 0.308 0.270 0.432 0.376 0.327 0.284 0.247 0410 0.354 0305 0.263 0227 0370 0.314 0266 0.225 0.191 0335 0.279 0.233 0.194 0.162 6 0.630 0.583 0.540 0.500 0.463 0429 0.397 0.368 0.340 0315 11 12 13 14 15 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0681 0.661 0.642 0.623 0.606 0.804 0.788 0.773 0.758 0.743 0896 0.887 0.879 0.870 0.861 0.853 0.844 0 650 0625 0.601 0.577 0555 0.585 0.557 0.530 0.505 0.481 0527 0.497 0.469 0.442 0.417 0.475 0.444 0.415 0.388 0.362 0.215 0.187 0.163 0.507 0.452 0.404 0.361 0.322 0.287 0257 0.229 0.205 0.183 0.163 0.146 0.388 0.356 0.326 0.299 0275 0252 0231 0.350 0.319 0.290 0.263 0.239 0218 0.198 0.237 0208 0.182 0.160 0.140 0.135 0.112 0.093 0.196 0.168 0.145 0.125 0.108 0.141 0.162 0.137 0.116 0.099 0.084 0.071 0.060 0078 0.123 16 17 0.728 0.714 0534 0513 0.458 0438 0.394 0.371 0339 0.317 0292 0.270 0.123 0.108 0.107 0.093 0.093 0.080 0.065 0.054 0.045 and to Print Done W ? i Reference USZZ UZTU UZZT . U.TUZ UUTS VUTO VUJO VOZU . 2.00 TU 0.287 0.257 0 229 0 205 0.183 0.237 0208 0.182 0.160 0.140 0.215 0.187 0.163 0.141 0.123 0.195 0.168 0.145 0.125 0.108 0.162 0.137 0.116 0.099 0.084 0.135 0.112 0.093 0.078 0.065 11 0.896 0.804 0.722 0.650 0.585 0.527 12 0.887 0.788 0.701 0.625 0.567 0.497 13 0.879 0.773 0681 0601 0.530 0.469 14 0.870 0.758 0661 0.577 0.505 0.442 15 0.861 0.743 0.642 0.555 0.481 0.417 16 0.853 0.728 0623 0.534 0.458 0.394 17 0.844 0.714 0605 0.513 0.436 0.371 18 0836 0.700 0.587 0.494 0.416 0.350 19 0.828 0.686 0.570 0.475 0.396 0331 20 0.820 0.673 0.554 0.456 0.377 0.312 21 0.811 0 650 0.538 0.439 0359 0.294 22 0803 0.647 0.522 0.422 0.342 0278 23 0795 0.534 0507 0.406 0.326 0.262 24 0788 0.622 0.492 0.390 0310 0.247 25 0.780 0.610 0478 0.375 0295 0233 26 0.7720598 0464 0.361 0 281 0220 27 0754 0586 0450 0.347 0.2680 207 28 0.757 0574 0.437 0.333 0256 0190 20 0583 0424 0321 0243 0.185 W.JVO UNTZZ V.JOU 0.475 0.429 0.388 0.350 0.444 0.397 0.356 0.319 0.415 0.368 0.326 0.290 0.388 0 340 0.299 0.263 0.362 0.315 0.275 0.239 0.339 0.292 0.252 0218 0.317 0.270 0.231 0.198 0296 0.250 0.212 0.180 0277 0.232 0.194 0.164 0.258 0.215 0.178 0.149 0242 0.199 0.164 0.135 0.226 0.184 0.150 0.123 0211 0.170 0.138 0.112 0.197 0.158 0.126 0.102 01840 145 0.116 0.092 0.172 0.1350106 0.084 0.161 0 125 0.098 0.076 0.150 0.116 0.090 0.069 0.141 0.1070 0820063 0.163 0.146 0.130 0.116 0.104 0.123 0.108 0.095 0.083 0.073 0.093 0083 0.074 0.066 0.064 0.056 0.049 0043 0.038 0.107 0.093 0.071 0.054 0.093 0.080 0.060 0.045 0.081 0 069 0051 0.038 0.070 0.0609043 0.031 0.061 0.051 6.037 0.026 0.053 0.044 0.031 0.022 0046 0.038 0.026 0.018 0.040 0.033 0.022 0.015 0035 0.028 0.019 0.013 0.030 0.024 0.016 0.010 0.026 0021 0.014 0.009 0.023 0018 0.011 0.007 0.020 0016 0010 0.006 0.017 0014 0.008 0.005 0059 0.053 0047 0.042 0037 0.033 0.029 0.026 0.022 Eor ndt Print Done Reference 2% 12% 0.893 1.690 2.402 3.037 3.605 14% 0.877 1647 2322 2914 3.433 15% 0.870 1626 2283 2855 3.352 16% 0.862 1.605 2246 2.798 3 274 18% 0.847 1.566 2174 2690 3.127 20% 0.833 1.528 2106 2589 2.991 7 Present Value of Ordinary Annuity of $1 Periods 1% 3% 4% 5% 6% 7% 8% 9% 10% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 2 1.970 1.942 1.913 1.886 1859 1.833 1.808 1.783 1.759 1.736 3 2941 2884 2829 2775 2.723 2673 2624 2577 2531 2487 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 5 4853 4713 4.580 4452 4.329 4.212 4.100 3.993 3.890 3.791 6 5.795 5601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.728 6.472 6230 6.002 5.786 5.582 5.3895206 5.033 4868 8 7 652 7325 7.020 6.733 6.463 6210 5.971 5.747 5.535 5.335 9 8.566 8.162 7.786 7.435 7.108 6.802 6515 6.247 5995 5.759 10 9.471 8.983 8.530 8.111 7.722 7.360 7,024 6.710 6.418 11 10.358 9.787 9.253 8.760 8.306 7.887 7499 7.139 6.805 6.495 12 11 255 10 575 9.954 9.385 8.863 8.384 7.943 7536 7.161 6.814 13 12.134 11 348 10 635 9.986 9.394 8853 8.358 7.904 7.487 7.103 14 13.00412.10611296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 15 13. 86512849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 16 14.718 13.5781256111652 10 838 10.106 9.447 8.851 8.313 7.824 17 15.562 14 292 13.166 12 166 1127410477 9.763 9.122 8.544 8022 4.111 4.564 4.968 5.3 5.650 3.889 4.288 4639 4.946 5.216 3.685 4.039 4344 4.607 4.833 3.326 3.605 3.837 4.031 4.192 6.145 3.784 4.160 4.487 4.772 5.019 5.234 5.421 5.583 5.724 5847 3.498 3.812 4.078 4303 4.494 4.656 4793 4.910 5008 5092 5.938 6 194 6.424 6.628 6811 5.453 5.660 5.842 6.002 6.142 5.029 5.197 5.342 5.468 5.575 4327 4.439 4.533 4611 4675 Eon 5954 6.974 7.120 6265 6.373 6047 5669 5749 5.162 5222 4.730 4.775 Print Done Reference 10 9471 883 8530 8111 T722 T360 1024 6.418 6145 5650 5216 5019 4 444 4192 1 10.3889787 9253 8.760 306 1997 7499 130 6.805 6.495 5.938 5453 5234 15.029 4.656 4.327 2 255| 10 575954 9385 8863 & 384 7943 25315 7161 6214 6194 5560 542 E19/ 4793 L439 13 2 134 138 10 6359936 9.300 3853 3350 1904 7 487 6.424 5842 5585 5.32 1910 1533 13.004 | 12 106 1120605639999 9295 8745 8244 7786 7367 6.628 6.002 5.724 5468 5008 4611 15 3.265 | 12 849 | 11938 | 11.18 | 0.3309712 9109 8559 8061 7606 6.811 6. 42 5847 5.575 5002 575 16 14.718 | 13578 12 661 11 6520 838 10 106 | 9447 851 8.313 7824 6974 6265 5.954 5.569 5 162 4730 15.562 14 2023.162.166 | 1274 | 10 47 19763 9122 3 544 8022 7120 6373 6047 5. 49 5 222 4.75 18 16 398 | 1992 | 13.754 | 12 659 | 11 690 | 10 828 | 10.058 | 8372 3756 8201 7250 16467 6 128 5516 5273 4812 16 7225 15.678 | 4.324 | 13.134 |035 | 11.168 | 10 336 | 2604 3.950 8.365 1366 6.550 6 196 587 5316 4 844 20 18 C46 | 16 351 | 14 87 | 13590 12 462 | H 470 | 10 594 | 9818 9129 3514 7469 5678 6 259 5920 5353 A.870 21 16 857 17011 | 15415 | 14.020 | 12 421 | |1.764 | 10 836 | 10.017 | 9292 | 2649 7562 6 687 6312 5973 524 491 22 19. 660 17.668 | 16 997 | 11 461 13 163 ) 2042 | 1061 10 201 | 9442 8772 7645 6.73 6 360 6011 5410 909 2. 20 455 18 292 16 ada | 14 85 13 49 | 12 30 | 11 22 10371| 2580 8883 7718 6792 6399 6044 5432 925 | 21.243 18914 | 16.930 16 247 | 13.799 | 17 560 | 11.469 | 10.62 19707 2025 774 6 2.5 6 6073 5 451 1937 25 2 3 10 520 17413 15.622 | 14 09 | 12.783 | 11 54 | 10675 19823 19077 784 633 64GB 097 5 467 4 918 26 2011 17 87 15 96 | 16 375 300 1 82 | 0 802920 9161 736 6906 5.49 12 5 460 960 27 | 23 560 | 07078 32 15 2.0 | la 643 | 13 217 11 92 | 10 936 10 027237 10 69 5 666 5492 24 316 17126|12.766 6.3 14 15 406 |2 137 | | 51 | 10 1160307 79 55 653 6152 5502 1970 andt Print Done